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The Commissioner Of Income Tax (Exemptions), Chandigarh v. M/S Punjab Cooperative Bank Employees Pension Fund Trust

High Court 09 Sep 2019 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

09 Sep 2019

Assessment year(s)

—

Outcome

Dismissed

Case summary

In The Commissioner Of Income Tax (Exemptions), Chandigarh v. M/S Punjab Cooperative Bank Employees Pension Fund Trust, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH ITA No. 225 of 2019 Date of Decision: 09.9.2019 The Commissioner of Income Tax (Exemptions), Chandigarh .......Appellant Vs. M/s Punjab Cooperative Bank Employees Pension Fund Trust .......Respondent CORAM: HON’BLE MR. JUSTICE AJAY TEWARIHON'BLE MR. JUSTICE HARNARESH SINGH GILL Present:Mr. Tajender Joshi, Advocate for Mr. Denesh Goyal, Senior Standing Counsel for the appellant. ***** AJAY TEWARI, J. (ORAL) Learned counsel for the appellant-revenue states that since the tax effect involved is less than the monetary limit as prescribed in Circular No.3 of 2018 dated 11.07.2018 issued by the Central Board of Direct Taxes, further amended vide Circular No.17 of 2019 dated 08.08.2019 read with Letter No. F.No.279/Misc/M-93/2018-ITJ dated 20.08.2019, he has instructions to withdraw the present appeal. However, he prayed that liberty be granted to the appellant-revenue to file an application for revival of the appeal, in case something survives therein. Dismissed as withdrawn with liberty as prayed for. (AJAY TEWARI) JUDGE (HARNARESH SINGH GILL) JUDGE September 09, 2019GurpreetWhether speaking /reasoned : YesWhether Reportable : No GURPREET SINGH2019.09.10 17:07I attest to the accuracy andauthenticity of this documentchandigarh

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